Viewpoint column + Capita | The Guardianhttp://www.theguardian.com/business/series/viewpointcolumn+capitagroup
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Are Capita's plans a pipe dream?http://www.theguardian.com/business/2010/nov/18/viewpoint-capita-cuts-outsourcing-revenue
The outsourcing firm claims opportunities will flow. Now it needs to grab some of those contracts<p>It wasn't a profits warning, just a revenue warning. But such is the worry about the <a href="http://www.guardian.co.uk/business/2010/nov/18/capita-francis-maude-public-sector-cuts" title="">impact of austerity on outsourcing firms that Capita</a>'s shares fell 4.4% in a rising market. The hit to revenues this year appears to be about &pound;100m, which is small beer in the context of group turnover of &pound;2.6bn or so. In profits terms, the lost ground has been reclaimed by nibbling at costs and shoving work to India.</p><p>The worry is next year. Capita's view is that its bid pipeline of new business (which stood at &pound;4.4bn in July) is healthy and that pressures on public and private-sector organisations &quot;will generate a strong flow of outsourcing opportunities during 2011 and beyond&quot;.</p> <a href="http://www.theguardian.com/business/2010/nov/18/viewpoint-capita-cuts-outsourcing-revenue">Continue reading...</a>CapitaBusinessBudget deficitThu, 18 Nov 2010 20:52:40 GMThttp://www.theguardian.com/business/2010/nov/18/viewpoint-capita-cuts-outsourcing-revenueNils Pratley2010-11-18T20:52:40ZViewpoint: Babcock's VT Group deal – a takeover that makes sensehttp://www.theguardian.com/business/2010/mar/23/viewpoint-vt-group-babcock-deal
As a bigger company, the Babcock and VT Group look better placed for an expanding share in the ministry of defence budget<p>Farewell, VT Group, we hardly had time to know you. That's not quite true, of course, since John Thornycroft founded his shipyard 150 years ago and Vosper Thornycroft came into being via merger as long ago as 1966. It's just that VT's strategy of moving away from defence contracting to develop an out-sourcing business in the style of Serco's or Capita's is only four years old.</p><p>VT's shareholders liked what they saw of this strategy – but not enough to applaud a takeover approach in December for relative tiddler Mouchel. Boos were heard instead. To nobody's surprise, the City institutions got what they really wanted – an agreed &pound;1.3bn bid for VT from rival Babcock, delivering a 40% takeover premium.</p> <a href="http://www.theguardian.com/business/2010/mar/23/viewpoint-vt-group-babcock-deal">Continue reading...</a>VT GroupBusinessSercoCapitaBabcock InternationalTue, 23 Mar 2010 21:09:38 GMThttp://www.theguardian.com/business/2010/mar/23/viewpoint-vt-group-babcock-dealMaurice McDonald/PADecommissioned Polaris nuclear submarines at Babcock's Roysth Dockyard, Scotland. Photograph: Maurice McDonald/PAMaurice McDonald/PADecommissioned Polaris nuclear submarines at Babcock's Roysth Dockyard, Scotland Photograph: Maurice McDonald/PANils Pratley2010-03-23T21:09:38Z